• Millions of DOT tokens will be unlocked as a result of the Crowdloan maturity
• DOT may note an uptick but in the end, it may retrace below $4 on the charts

One common thread connecting altcoins over the last few days is a price recovery. However, Polkadot [DOT], unlike other top altcoins, has not been able to replicate the same form. And, as it stands, another plunge down could be on the way for the native token of the web3 project.

Is your portfolio green? Check the Polkadot Profit Calculator

Nearing maturity, nearing plunge?

A notable ground for the projection is the forthcoming maturity date of Polkadot parachain Crowdloans. Crowdloans are supported natively on the Polkadot network as a mechanism to enable individuals to support specific parachain projects by staking DOT.

As a result of this process, projects get access to greater capital while they also enjoy the support of the Polkadot community.  According to Delphi Digital, the loan maturity would result in the unlock of millions of DOT tokens.

As Polkadot’s initial parachain crowd loan matures, the $DOT tokens pledged will begin to unlock.

Given that recent parachain auctions have seen merely $1-$2M in DOT commitments, this unlocking will substantially surge the circulating supply of DOT.

The first wave of unlock… pic.twitter.com/CKsuMOCht3

— Delphi Digital (@Delphi_Digital)

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Author: Victor Olanrewaju

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